Currently, the internet is running on a centralized system. We are talking about social media platforms, search engines, and more. With this, all your information is at risk of getting into the wrong hands. For instance, imagine what can happen if cybercriminals hack the Facebook server.
We cannot overemphasize the demerits of a centralized internet. The centralized system runs on a central control which gives the providers control of your information and money. But, what if there was a way to make things better?
We believe that running the internet on a decentralized system can help us preserve our data and money. With the rapid advancement in blockchain technology, we can now enjoy better data security and save money. You can click on https://pktpal.com/ to read about a decentralized blockchain internet solution.
The subject of the decentralized web is becoming pronounced, especially in the tech world. However, if you have just heard of it for the first time, this article will bring you up to speed on decentralization and its benefits.
What Does Decentralization Mean?
Before we proceed to what a decentralized internet means, let us peek at what it means in an organization. By so doing, you will understand it better.
A Decentralized Organization
An organization running a decentralized system distributes its decision-making duties among levels. For instance, a firm running on a decentralized system will typically allow suggestions from its staff and autonomy at different levels.
A Centralized Organization
In a centralized system, only the top management calls the shots. That means the decision-making is their sole responsibility. However, this system can be so tasking for the decision-maker.
Understanding decentralization in our daily life helps us relate to the decentralization of the internet. We have seen that centralization assigns power and responsibility to a single person. However, this is also true in the internet space.
The Centralized Web
A centralized web, as the name implies, refers to one with a single POF (point of failure). In this network, a single server holds all the data. For instance, a tech company that owns a social media platform collects your information and stores them centrally with other people’s data.
A centralized system can be related to placing all eggs in one basket. If there is a crack in the basket, we can lose all our eggs. Thus, if there is a crack in a centralized network, we can lose all our data to the wrong hands. You can read this article to know more about the demerits of centralization.
The Decentralized Web
The breakthrough in blockchain technology has enabled the creation of decentralized networks. Blockchain technology allows the circulation of information amongst several nodes, hence creating a distribution of information.
A decentralized web consists of several nodes that collect, save, and transfer information. The responsibility of the network is not on a single node. Hence, if one node crashes, it does not affect the network.
Such networks ensure that the data source is multiple. More importantly, everyone can contribute and have control of a small piece of the information cake. And, as more persons join the network, it becomes more powerful.
Benefits of a Decentralized Web
Monopoly is a top disadvantage of a centralized network. The data firms hold all our details, hence having sole control. But, in a decentralized web, you can store it by yourself.
Blockchain technology allows users to own the license to their data, just like in cryptocurrencies. Furthermore, each user will be unknown in the network and own unique decentralized identity. With this, everyone can control their information, digital assets, and wealth. And with such power, we can all contribute to a shared and equal metaverse.
Solves the Issue of Data Security
Taking down a circulated network is nearly impossible. It will require so much power to do so. As discussed earlier, the decentralized network comprises several nodes. And, attacking a single node does not bring down the network; all the nodes will need to crash before the system stops.
To illustrate further, we can relate a centralized system to a city at war. It may be nice to keep all the citizens in a castle. However, conquering the castle means destroying the whole town. But, keeping the citizens in different locations makes it difficult to destroy the city.
A distributed web allows only a portion of the information stored on each node. For instance, if there are three hundred nodes in the system, each contains an equal amount of data. Therefore, attackers will need to bring down the whole three hundred nodes before crashing the system. It is nearly impossible and takes many resources.
Leads to Expansion
Generally, in business, distribution facilitates diversification. If several persons make decisions, it will be easy to diversify into other product lines and areas. And, this is the basis for expansion.
There are several facets of the web that needs exploring. A centralized web allows a single source control, hence limiting web revolution. However, a distributed web that is powered by blockchain technology permits revolutions in several web facets.
More Control, More Strength and Motivation
Everyone wants a voice. If people in a working environment can participate in the decision-making, it will motivate them better. It is because they will have a sense of responsibility towards the job.
In the distributed web, the more people involved, the more nodes and having more nodes means a more controlled system.
Every account you open on the internet requires you to fill in some details about yourself. It might be a social media account or a job profile. The firms in charge collect and store these data in a central source. However, keeping data in a single source makes it a target.
A decentralized web operates on blockchain technology. The technology allows the distribution of data across several nodes. More importantly, the system enables you to control wealth, data, and other digital resources.